FHR (Fairmont Holdings) also contributed to the Simcoe tunnel construction. Any development on that land was restricted until the tunnel was completed. Now that it is CondoGeorge is correct it should be a matter of a few months before a big announcement

Zoned for 37 floors Hotel. Condo/hotel concept like Trump/Ritz would be a welcome addition. Will bring up the while block $ wise

edit: Perhaps Metro Toronto C.C could be retrofitted into a shopping mall?

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Better: renovate/expand the Skywalk section along Station Street. It's one of the most interesting spaces in the city, but it's carries mostly event crowds and never really took off. Possibly even punch another pedestrian tunnel under the tracks. If that development on top of the old CNCP Telecommunications building goes through, that might help.